BEIJING, May 4, 2023 /PRNewswire/ — China Petroleum & Chemical Corporation (HKG: 0386, “Sinopec”) has initiated the drilling of Project Deep Earth 1-Yuejin 3-3XC Well (“the Well”) on May 1 in the Tarim Basin, Xinjiang Uyghur Autonomous Region. With a design depth of 9,472 meters, it will be the deepest oil and gas well in Asia and a breakthrough of milestone significance in China’s ultra-deep oil and gas exploration, which now has world-leading technological and equipment capabilities.
Sinopec Starts the Drilling of Asia’s Deepest Oil and Gas Well in Tarim Basin
Tag: Sinopec
Is Saudi Arabia Coming Out of Exile?
By Doug Bandow
World leaders seem to be welcoming Mohammed bin Salman back into the fold.
Is Saudi Arabia Coming Out of Exile?
China Heralds Another Major Oil Discovery
China’s state-run China Petrochemical Group, Sinopec, says it has discovered a massive oilfield in the Tarim Basin, containing 1.7 billion tons of oil reserves.
The discovery is the result of exploration in the Shunbei oil and gas field, said to be one of the deepest commercial fields in the world, in the country’s Xinjiang region.
China Heralds Another Major Oil Discovery
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The Energy Industry in Xinjiang, China: Potential, Problems, and Solutions
Vast oil deposits discovered in Xinjiang
I’m sure Halliburton would love to get their hands on that oil! Oh wait, that was Iraq!
China discovers 100-million-tonne oil, gas reserves in Tarim Basin
China’s largest oil refiner Sinopec has discovered a new oil and gas area with approximately 100 million tonnes of reserves in the Tarim Basin of northwest China’s Xinjiang Uygur Autonomous Region. This was reported by The Xinhua News Agency.
China discovers 100-million-tonne oil, gas reserves in Tarim Basin
But the US is so concerned about the oil…er I mean Uygurs!? Really!! 🙄
[2014] China and the Middle East: More Than Oil
China and the Middle East: More Than Oil
While China’s heavy dependence on Middle Eastern oil is an established fact, less is known about China’s early efforts to establish broad energy ties with the Middle East. Back in 1983, before the Chinese economy really took off, the overseas construction arm of China National Petroleum Corporation (CNPC) moved into the Kuwaiti market and later won an oil storage reconstruction project in 1995. Beijing also signed the Strategic Oil Cooperation agreement with Saudi Arabia in 1999, which laid the foundation for Saudi Arabia to become and remain China’s largest oil supplier. In exchange for stable crude supply, China has courted Saudi investment for expanding its refining capacity. One example is China Petroleum and Chemical Corporation’s (SINOPEC) meeting with Saudi Aramco to discuss a stake in a $1.2-billion refinery in the Chinese city of Qingdao. The two sides further joined hands in a $3.5-billion venture in Fujian province that included greater refinery capacity.4
The Billionaire Behind Bannon’s Fake Chinese Embassy
Mogul’s bulletproof Manhattan mansion shields network of right-wing news and nonprofits.
The Billionaire Behind Bannon’s Fake Chinese Embassy (Archived)
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Argentine Billionaire Warns Fernandez Against Closer China Ties